Paramount Resources (PRMRF) Expected to Announce Earnings on Thursday

Key Points

• Paramount Resources is expected to release its quarterly earnings on Thursday, August 7th, with analysts forecasting earnings of $0.12 per share and revenue of $131 million.
• The company recently had a dividend payout of $0.0367, yielding 2.87%, with a payout ratio of 5.94%.
• Analysts have rated Paramount Resources as a "Moderate Buy," with upgrades from Raymond James Financial and a maintained rating from the Royal Bank of Canada.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $131.00 million for the quarter.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). Paramount Resources had a net margin of 111.48% and a return on equity of 6.89%. The business had revenue of $93.43 million for the quarter, compared to the consensus estimate of $131.00 million. On average, analysts expect Paramount Resources to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Paramount Resources Stock Performance

PRMRF stock traded down $0.51 during trading on Friday, hitting $14.93. 6,768 shares of the company's stock traded hands, compared to its average volume of 12,823. Paramount Resources has a 52 week low of $9.89 and a 52 week high of $22.95. The business has a fifty day simple moving average of $15.46 and a 200 day simple moving average of $14.72. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 2.13 and a beta of 1.56.

Paramount Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were given a dividend of $0.0367 per share. The ex-dividend date was Tuesday, July 15th. This represents a yield of 287.0%. Paramount Resources's dividend payout ratio (DPR) is 6.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Paramount Resources in a report on Wednesday, May 14th. Raymond James Financial upgraded shares of Paramount Resources to a "moderate buy" rating in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.